SpaceX Soars into Nasdaq-100, Sparking Billions in ETF Investments
In a highly anticipated Wall Street index event, SpaceX (SPCX) is poised to officially join the Nasdaq-100 before trading commences on July 7, 2026. This marks one of the swiftest inclusions into the benchmark index following its successful IPO on June 12.
Nasdaq confirmed this inclusion on June 27, 2026, under a recently adopted accelerated framework. This allows newly public companies that rank in the top 40 by market cap to enter the index after just 15 trading days. With a market capitalization of approximately $2 trillion, SpaceX comfortably qualifies. However, its publicly tradable float remains limited at around $100 billion, with the majority held by Elon Musk, insiders, and employees.
This inclusion is predicted to ignite a significant wave of passive buying. J.P. Morgan estimates that the Nasdaq-100 addition alone could attract $4.3 billion in passive inflows. Jefferies forecasts additional Russell index buying at nearly $3 billion. Index-tracking funds such as the Invesco QQQ Trust (QQQ), which manages over $490 billion in assets, will need to adjust their portfolios accordingly. Despite SpaceX shares reaching a record high of $225.64 post-IPO, they have since receded towards the $150 level as investors anticipate the next catalyst. The S&P 500 has declined to fast-track SpaceX, stipulating that the company must trade for at least one year and post four consecutive quarters of GAAP profit before becoming eligible for that index.
Source: CNBC – SpaceX to join the Nasdaq-100 in a fast-tracked process